1 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      2 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      3 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      4 BANK OF MONGOLIA PURCHASES 281.8 KILOGRAMS OF PRECIOUS METALS IN MARCH WWW.MONTSAME.MN PUBLISHED:2025/04/02      5 P. NARANBAYAR: 88,000 MORE CHILDREN WILL NEED SCHOOLS AND KINDERGARTENS BY 2030 WWW.GOGO.MN PUBLISHED:2025/04/02      6 B. JAVKHLAN: MONGOLIA'S FOREIGN EXCHANGE RESERVES REACH USD 5 BILLION WWW.GOGO.MN PUBLISHED:2025/04/02      7 185 CASES OF MEASLES REGISTERED IN MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2025/04/02      8 MONGOLIAN JUDGE ELECTED PRESIDENT OF THE APPEALS CHAMBER OF THE ICC WWW.MONTSAME.MN PUBLISHED:2025/04/01      9 HIGH-PERFORMANCE SUPERCOMPUTING CENTER TO BE ESTABLISHED IN PHASES WWW.MONTSAME.MN PUBLISHED:2025/04/01      10 LEGAL INCONSISTENCIES DISRUPT COAL TRADING ON EXCHANGE WWW.UBPOST.MN PUBLISHED:2025/04/01      УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     САНГИЙН ЯАМ: ДОТООД ҮНЭТ ЦААСНЫ АРИЛЖАА IV/16-НААС МХБ-ЭЭР НЭЭЛТТЭЙ ЯВАГДАНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     МОНГОЛБАНКНЫ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВАЛТ ӨМНӨХ САРААС 56 ХУВИАР, ӨМНӨХ ОНЫ МӨН ҮЕЭС 35.1 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     Б.ЖАВХЛАН: ГАДААД ВАЛЮТЫН НӨӨЦ ТАВАН ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШИГ 93 500 ТӨГРӨГИЙГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     Н.УЧРАЛ: Х.БАТТУЛГА ТАНД АСУУДЛАА ШИЙДЭХ 7 ХОНОГИЙН ХУГАЦАА ӨГЧ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/02     “XANADU MINES” КОМПАНИ "ХАРМАГТАЙ" ТӨСЛИЙН ҮЙЛ АЖИЛЛАГААНЫ УДИРДЛАГЫГ “ZIJIN MINING”-Д ШИЛЖҮҮЛЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ТӨМӨР ЗАМЫН БАРИЛГЫН АЖЛЫГ ЭНЭ САРЫН СҮҮЛЭЭР ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/02     “STEPPE GOLD”-ИЙН ХУВЬЦААНЫ ХАНШ 4 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ҮЙЛДВЭРЛЭЛИЙН ОСОЛ ӨНГӨРСӨН ОНД ХОЁР ДАХИН НЭМЭГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/04/01    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Wildfires ravage Mongolia forests, grassland www.xinhuanet.com

A total of 97 forest and steppe fires have been recorded across Mongolia since the beginning of this year, destroying 1,051,907 hectares of forest and grassland, the country's National Emergency Management Agency said Sunday.
The number of registered wildfires is up around 73 percent compared with the same period last year, the emergency agency said in a statement.
The sharp increase is mainly due to people's negligence, the agency said, warning citizens not to make open fires or throw cigarette butts on the ground.
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Foreign trade of China's Inner Mongolia up 19.8 pct in Jan.-July www.en.people.cn

HOHHOT, Aug. 29 (Xinhua) -- The total value of Inner Mongolia Autonomous Region's foreign trade in the first seven months of 2022 reached nearly 81.3 billion yuan (about 11.8 billion U.S. dollars), up 19.8 percent year on year, the regional commerce department said Monday.
The northern region's imports from January to July increased 10.9 percent year on year to 46.6 billion yuan, while its exports totaled 34.6 billion yuan, up 34.4 percent year on year.
During the period, the region's exports of mechanical and electrical products, and high-tech products grew rapidly, with an increase of 78.4 percent and 80.1 percent, respectively.
The import and export volume of private enterprises reached 54.8 billion yuan, up 26.7 percent year on year, accounting for 67.4 percent of the region's total foreign trade. Figure of foreign-invested enterprises reached nearly 6.5 billion yuan, up 46.1 percent year on year.
The import and export between Inner Mongolia and its major trading partners kept growing during the period. Trade between Inner Mongolia and Mongolia reached nearly 21.5 billion yuan, up by 24.1 percent year on year. Figures between the region and Russia, countries along the Belt and Road, as well as other members of the Regional Comprehensive Economic Partnership (RCEP) soared, seeing an increase of 5.5 percent, 23.3 percent and 11.2 percent year on year, respectively.
(Web editor: Zhong Wenxing, Bianji)
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Russia boosting fuel exports to Asia – Bloomberg www.rt.com

Russia may ship greater volumes of a key oil product to Asia, Bloomberg reported on Wednesday, citing the energy consultancy FGE.
The consultancy’s global head of natural gas liquids, Armaan Ashraf, told the outlet that more Russian-made naphtha fuel, which is primarily used to make plastics, will likely head to hubs such as Singapore and Fujairah starting next February when EU sanctions take effect. Re-exports from those regions could become common as some buyers may be reluctant to import directly from Russia, he explained.
Preliminary data by analytics provider Vortexa showed that Russian naphtha exports to Asia have soared by 84% in August to about 130,000 barrels a day compared with all of July.
According to Ashraf, Russian naphtha may already have been blended into the country’s Urals crude and shipped to India earlier this year. “The blending of heavy full-range naphtha or heavy naphtha in limited quantities could reap much more benefits versus selling the naphtha cargo directly,” he noted.
Citigroup estimates that Russian flows of crude oil and oil products may decline by about 1.25 million barrels per day when the EU’s latest curbs come into force.
The bloc’s embargo of most flows of Russian crude will begin in December, followed by a similar move against oil products, including naphtha, about two months later.
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Mongolia, ADB sign Financial Framework Agreement www.montsame.mn

Finance Minister of Mongolia and ADB Country Director for Mongolia Pavit Ramachandran signed the USD100 million Countercyclical Support Facility loan agreement on August 26 in Ulaanbaatar.
ADB’s emergency financing will support Mongolia to mitigate adverse impacts of exogenous shocks, which disproportionately affect the poor, vulnerable groups, and women and girls.
At the same ceremony, the two parties also signed the Financial Framework Agreement, comprising pipeline projects for 2022-2023 amounting to USD655 million.
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Korea, Mongolia to cooperate for regional peace, strengthen strategic partnership www.koreaherald.com

South Korea and Mongolia vowed to join efforts for peace in the region and agreed to bolster their strategic partnership in their first bilateral foreign ministers’ meeting held in eight years in Ulaanbaatar on Monday.
South Korean Foreign Minister Park Jin met with his Mongolian counterpart, Batmunkh Battsetseg, to discuss a range of issues involving regional security, North Korea and economic cooperation, among others.
“I wish to actively cooperate (with Mongolia) to open the next 30 years (of the relations),” Park said in his opening speech of the foreign ministers’ meeting.
“The Yoon Suk-yeol administration aims to become a global pivotal state that can contribute to freedom, peace and prosperity. We seek to work together with Mongolia, which shares the values of democracy and human rights, for peace and prosperity of the region and the international society.”
The Mongolian foreign minister also expressed welcomed Park, saying his visit to Mongolia would provide a precious opportunity for the two countries to bolster their strategic partnership.
It has been eight years since a Korean foreign minister visited Mongolia for a bilateral meeting. It is also the first time for a high-ranking official to visit the country since Korea and Mongolia elevated their bilateral ties to a “strategic partnership” in September last year.
In his courtesy visit to Mongolian President Khurelsukh Ukhnaa scheduled for Monday afternoon, Park was to deliver a handwritten letter from South Korean President Yoon Suk-yeol.
Later Monday, Park was to attend a dinner meeting hosted by the Mongolian president. The president also invited Park for a breakfast meeting on Tuesday.
Starting with Park’s visit, Seoul’s Foreign Ministry said the government will activate bilateral consultative groups with Mongolia to bolster strategic communication.
Mongolia is a strategic country pursuing democracy while bordering China and Russia, and is one of the top 10 countries for its abundant natural resources, a Foreign Ministry official said.
Seoul will explore ways to work together with Mongolia for diversifying the country’s supply chain, the official added.
As countries are interested in securing a stable supply chain of strategic materials, high-ranking officials from a number of neighboring countries, as well as the United States, have been seen visiting Mongolia in recent months.
Japanese Foreign Minister Yoshimasa Hayashi traveled to Mongolia on a bilateral basis in April. Russian Foreign Minister Sergey Lavrov and Chinese Foreign Minister Wang Yi also made separate trips in July and August, respectively.
Daniel Kritenbrink, the assistant secretary of state for East Asian and Pacific affairs of the US Department of State, visited Mongolia before flying to Seoul last week.
On the day of his arrival Sunday, the Korean foreign minister visited a commemorative park honoring South Korean independence fighter Lee Tae-joon.
Lee opened a hospital in Mongolia in the 1910s and provided rare medical services to locals, as well as backing Korea’s struggle against the Japanese colonial rule of 1910-1945.
Mongolia established the park in 2001.
Park’s trip to Mongolia comes amid rising interest in the country among neighboring countries.
Park said Mongolia is a strategic location of Northeast Asia sharing universal values of democracy and human rights, and Korea seeks to deepen “practical” cooperation in the field of economic security.
“We would like to deepen cooperation with Mongolia, one of the world’s top 10 resource-rich nations, for stabilizing and diversifying supply chains,” Park told reporters Sunday before departing for Ulaanbaatar.
By Jo He-rim (herim@heraldcorp.com)
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National TB Program review to be conducted in Mongolia www.who.int

National TB Program (NTP) review is planned to be conducted by WHO WPRO support aiming to assess the current achievements of key components of the NTP to support further programmatic refinements, identify successes, continuing challenges, identify lessons learned and opportunities to strengthen TB prevention and control. Moreover, the review will prioritize the evaluation of the impact of COVID-19 pandemic on TB program with refining the policy recommendations and integration of further actions and implementation of strategic priorities of the national program with Regional Framework to End TB for 2021 – 2030. The review team composed of WHO WPRO, WHO Country Office Mongolia, MOH, NCCD, Global Fund project on TB and AIDS, City Health Department will have the field visits to the selected provinces and districts for evaluation during 20-28 September 2022.

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Strong dust storm hits western Mongolian province www.xinhuanet.com

KHOVD, Mongolia, Aug. 28 (Xinhua) -- an intense dust storm hit the western Mongolian province of Khovd on Sunday, causing poor road visibility.
Mongolia has a harsh continental climate as strong winds and dust storms are common in the country throughout the year.
According to the environment ministry, the frequency of climate-related natural disasters such as dust storms has been on the rise in the country.
In March 2021, 10 people and hundreds of thousands of livestock died in Mongolia due to strong winds and heavy dust storms.
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Mongolia confirms 68 COVID-19 cases in past 24h www.akipress.com

Mongolia confirmed 68 new COVID-19 cases in past 24 hours.
43 of them were contacts in Ulaanbaatar, 25 were registered in the regions. No imported cases were found.
1 coronavirus related death was recorded in Mongolia in a day. 2,126 were recorded in total.
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Robert Friedland’s Ivanhoe Electric one of three finalists for Saudi Arabia project www.mining.com

Saudi Arabia has narrowed the field to three finalists for a massive mining exploration licence about 175 km west of Riyadh that it says contains about 25 million tonnes of zinc and copper at grades of 4.11% zinc and 0.56% copper.
The kingdom received six proposals for the 350-km Khnaiguiyah licence and has selected three for its short list: a consortium between Saudi Arabian Mining Company (Ma’aden) and Ivanhoe Electric (TSX: IE; NYSE-AM: IE); a consortium between Alara Saudi Ventures Pty. Ltd. Resources and AlTasnim Enterprises LLC; and a consortium between Moxico Resources Plc and Ajlan & Bros Mining Company.
The third and final stage of the application process will kick off on Sept. 4.
As part of its plan to transform the mining sector into the third pillar of its national economy, Saudi Arabia offers incentives including co-funding of up to 75% of capex through the Saudi Industrial Development Fund (SIDF); a five-year royalty holiday for miners and a 30% reduction on royalty payments for further downstream production processing.
The government hosted its first ever Future Minerals Forum in January to showcase its mining potential and the urgency of finding more critical metals. lt passed a new minerals investment law last year and in the first ten months of 2021 the country provided 13 reconnaissance licences, 133 exploration licences and eight exploitation licences, according to government data.
Mining companies active in the country include Barrick Gold (TSX: ABX; NYSE: GOLD), which has a 50-50 joint venture copper operation with Ma’aden. The Jabal Sayid mine went into commercial production in July 2016.
Among the finalists for the Khnaiguiyah licence, Ivanhoe Electric is focused on electric metals projects. Its two flagship projects are in the United States: Santa Cruz, a copper project in Arizona, and Tintic, a copper, gold and silver project in Utah.
The company also has what it describes as advanced exploration technology including Typhoon, a geophysical survey technology based on Pulse Power, as well as data analytics and geophysical modelling and artificial intelligence for water, oil and mineral discoveries. In addition, it holds a controlling interest in VRB Energy, a developer and manufacturer of large-scale energy storage systems.
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S. Korea's foreign minister arrives in Mongolia on trip to deepen bilateral ties www.en.yna.co.kr

ULAANBAATAR/SEOUL, Aug. 28 (Yonhap) -- South Korean Foreign Minister Park Jin arrived in Mongolia on Sunday for talks with his Mongolian counterpart on bilateral relations, and regional and global issues.
His trip -- the first visit to Mongolia by a South Korean foreign minister on a bilateral basis since 2014 -- comes as the country has recently gained keen attention for its rich resources amid international efforts to secure global supply chains.
Shortly after arriving in Ulaanbaatar, Park visited a commemorative park honoring South Korean independence fighter Lee Tae-joon, who opened a hospital there in the 1910s to fight infectious diseases and backed Korea's struggle against Japan's 1910-45 colonial rule.
Established in 2001, the park has become a symbol of friendship between the two nations.
"It is an opportunity to inscribe deep in my heart the noble sprit of Lee who sacrificed himself for his home country's independence and served Mongolian people with medical expertise based on his philanthropic spirit," Park said.
"Inheriting that spirit, South Korea will prioritize national interests and make efforts to become a global pivotal state contributing to world freedom, peace and prosperity," he added.
Foreign Minister Park Jin pays his respect at a commemorative park honoring South Korean independence fighter Lee Tae-joon in Ulaanbaatar on Aug. 28, 2022. (Yonhap)
Before departing for Mongolia, Park said his trip is aimed at deepening "practical" bilateral cooperation in the areas of economic security, and strengthening solidarity between the two nations sharing "universal values."
"We would like to deepen cooperation with Mongolia, the world's 10th resource-richest nation, for stabilizing and diversifying supply chains," Park told reporters.
Park added he plans to deliver President Yoon Suk-yeol's handwritten letter, wishing for the development of bilateral relations, to Mongolian President Khurelsukh Ukhnaa.
On Monday, Park is set to hold talks with his counterpart, Batmunkh Battsetseg, to discuss bilateral relations and other issues of mutual concern.
During his stay that runs through Tuesday, Park also plans to pay courtesy calls on the Mongolian president and other political leaders, according to his office.
sshluck@yna.co.kr
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